How to use the poisson approximation to the binomial

Assignment Help Econometrics
Reference no: EM13213566

It is estimated that .44 percent of the callers to the Customer Service department of Dell, Inc. will receive a busy signal. What is the probability that of today's 1,100 callers at least 5 received a busy signal? Use the poisson approximation to the binomial.

Reference no: EM13213566

Questions Cloud

Celsius and a pressure of 880 torr and find the molar mass : It's volume is 224mL at a temperature of 60 degrees Celsius and a pressure of 880 torr. Find the molar mass
Discuss and explain the term social institution : discuss and explain the term social institution, as it applies to organized crime. Which empirical and speculative theories are most applicable when applied to organized crime and criminal behavior? With 4 references
Femoral vein of a healthy female : You have been into the femoral vein of a healthy female. The alert just came that a bacterium is invading the lower lobe of the right lung. Trace your path from the right femoral vein to the lower lobe of the right lung via the right pulmonary artery
How a woman’s status in these societies : The role of women in foraging and horticultural based societies. How a woman’s status is impacted by her participation in food procurement. How a woman’s status in these societies, compares to that of women in American society today
How to use the poisson approximation to the binomial : It is estimated that .44 percent of the callers to the Customer Service department of Dell, Inc. will receive a busy signal. What is the probability that of today's 1,100 callers at least 5 received a busy signal Use the poisson approximation to t..
Structural evidence indicates that there are four atoms : The hemoglobin of blood, a protein, is known to contain 0.335% iron by mass, Structural evidence indicates that there are four atoms of iron per molecule
Determine current amount of money that must be invested : Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year) for 6 years, starting 12 years from now. The interest rate remains constant over this entire perio..
Foraging and horticultural societies : Identify and explain the major forms of reciprocity found in both Foraging and Horticultural societies and provide examples regarding how they impact the level of conflict found in these societies.
Recognize the real or potential impact of stakeholder : Describe how the readings and journalling activities influenced your views on workplace ethics and corporate social responsibility. Did you have a shift in your perspective?

Reviews

Write a Review

Econometrics Questions & Answers

  Statistical significance of the parameter

Wilpen Corporation, a price-setting company, manufactures nearly 80% of all tennis balls purchased in the United States.

  At equilibrium payoffs to coke and pepsi respectively are

Refer to the table above where Coke's payoff is given as the first number in each cell. Suppose Coke and Pepsi are in a strategic environment in which each are deciding whether to manufacture either a big or small can of soft drink (they can't pro..

  Explain why the system x is judged to have high risk

HEALTHCARE MANAGED CARE COMPANY IS EVALUATING TWO DIFFERENT COMPUTER SYSTEMS FOR HANDLING PROVIDER CLAIMS. There are no incremental revenues attached to the projects, so the decision will be made on the basis of the present value of costs.

  Calculate the price elasticity of demand for bottled water

The demand for bottled water in a small town is as follows: Price per bottle Quantity demanded $1.00 500 $1.50 400 $2.00 300 $2.50 200 $3.00 100 Calculate the price elasticity of demand for bottled water for a price rise from $1.00 to $1.50.

  Should magee increase or decrease the price of pie

Finally, suppose for part c only that you now have the additional information that the marginal cost to Magee's of making one transparent pie is $2 (and is constant). Magee's currently charges $5 for each transparent pie.

  The total amount of tax revenue raised is equal to what

Assume that the demand curve is given by the following: p=20 and the supply curve is given by Q=p-5. If the government puts in place a tax of 5 that must be paid by the seller the total amount of tax revenue raised is equal to what

  What is the maximum price you will pay for a bond

what is the maximum price you will pay for a bond with a face value of $1,000 and a coupon rate of 14% paid annually, if you want a yield to maturity of 10% Assume that the bond will mature in 10 years and the first payment will be received in one..

  How to specializes in mergers

The four-firm concentration ration for the 494 breweries operating in the US is 91 percent, your team has put together a report suggesting that the merger does not present antitrust concerns even though the two firms each enjoy a 15 percent share ..

  Should stan make the trip to get less expensive gasoline

Stan Moneymaker needs 15 gallons of gasoline to top off his automobiles's gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, stan can save $0.10 per gallon on the price of gasoline. Suppose gasoline..

  Should gail dribble buy petscan shares or not

Gail Dribble is analyzing the shares of Petscan Radiology. Petscan's stock pays a dividend once each year and it just distributed this year's $0.85 dividend. The market price of the stock is $12.14. Gail estimates that Petscan will increase it div..

  What is hans before tax realized real interest rate

When Hans calculates his taxes at the end of the year, he writes down on a form how much he invested and multiplies that amount times the inflation rate for the year to arrive at his "inflation compensation amount.

  What price will chevrolet charge once ford has set its price

Game Theory Suppose there are only two car companies, Ford & Chevrolet. Ford believes that Chevrolet will match any price it sets, but Chevrolet too is interested in maximizing profit. Use the price and profit data.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd